RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Inside info direct from sourceAgreed Geo there are many things changing in the industry and sector, remembering that Fowler had the vision and with the team brought Supreme along to this level, unique in many key areas to produce high quality herb at scale. While focussed full time on the grow and facillty to achieve the product not enough was done on the business side/ marketing to generate the sales and revenue to support and allow for the necessary growth of the company.
Moore brings the experience/skills to the table to complement what Fowler/team have built to date and move the company forward from here, to profitability in the near term and achieve long term success and gain for SHs, the life line for the future of the company.
The Conservatives won't be undoing this industry, it has evolved to far in too many areas with major investment by many both personal and institutionally, investment/RRSP funds, etc.
The timing for the move to inhouse packaging, with the sector correcting, couldn't be better as it allows the full production of FIREproducts to be shelved country wide and restocked where and when required. The downsizing across the pond will allow for all capital to be working and generating revenue. FIRE's current changes/upgrades will be in place in the short term while many in the industry will be wrestling with their issues for sometime yet but that is just, advantage FIRE.
Everyone needs to do their DD at all times and buy, sell or hold accordingly. I expect to see solid gains from here for those that own, JMHO...Opt
George141 wrote: brentkosta wrote: I dont disagree with you that the entire sector is crumbling. But when when supreme was at 2.00 they had no irons in the fire, so to speak. They were not progressing to be a strong company. They were no where near completion of the facility. None of their assets were worth anything. They still arent. ie Lesotho is down 90% in value.
So if people used the same language now as they did before, how can they be trusted?
George141 wrote: brentkosta wrote: maritimedreamer wrote: oh opt..... sometimes i wonder how rosey those glasses are my friend....... Supreme needs to prove themselves all over again... and a takeout is very possible at these deflated prices...... right now our focus should be on when 2.0 is rolling out and what this new partnership will bring us.....
Just a reminder that Opt was saying this stuff over $2.00 a share and if they near insolvency and the sp gets to below a nickel, he'll say the same thing. He is not to be trusted.
..Brent...when Supreme was at $2.00...Canopy was probably in $60's, Apharia was in the teens, same with Aurora,and many others were at multiples of what they are today. Regulations and slow distributions slowed thigs down...rightly or wrongly is not for me to say. Things were moving very fast and the Government had to slow things down. Every company suffered as a result. Some have and some will go out of business, and some will survive. Supreme evolutionised from grass roots level. It did everything right as far as regulations...very painstakingly process. But the location was grand ,the company was welcomed in the community, the product was recognized with awards, the construction is complete. These are facts. All companies that will survive are down 50, 60 %...The situation is improving rapidly from here. Fowler left with a few millions, no doubt, he probably had enough of the pressures of the regulations, Nav tried but may have not been up to the job...Collin Moore may be the right man, hopefully to turn this company around. We were all hoping for bigger things than where we are, however this price is a great entry point...the next financials will be way better.
...The dynamics have totally changed for the better. Where as before hype and anticipation was leading the sentiment, we now have reality set in. Reality in the sense that the government is opening up mega outlets, the price has come down (but that's ok because Supreme has 448,000 sq.ft of grow space so it can accommodate lower prices. We know the quality is there. So yes, I am optimistic because corrections in the industry have been made. In 2014 Supreme post 5 to1 split was trading at .40 cents. On a scale from 1 to 10 they were a 3 at best compared to today. It only stands to reason the company is worth a multiple of .40 cents. The reason we are where we are is regulations have slowed progress, which has affected the bottom line. However changes are occurring and going the right way. Canadians for the most part are and have been responsible when it comes to recreational pot. That is nice to see and it may have been a worry for government and law enforcement. will there be people that disobey the law...yes... but in the long run they will adjust either trough personal experience or learning the pitfalls of breaking the law..(i.e.driving high). Little by little mj consumption will become more mainstream and unless Trudeau loses the next election and the Conservatives re-criminalise mj use I honestly do not see any more predictable setbacks...unless something totally out of the ordinary occurs like a weather catastrophy that destroys the greenhouses...maintain